Guideline Value

Corporate

Guideline Value for Andal Nagar 5th Cross Street

₹4400/sq.ft.

The guideline value for Andal Nagar 5th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Andal Nagar 5th Cross Street

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Andal Nagar 5th Cross Street guideline value

The current guideline value of Andal Nagar 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Andal Nagar 5th Cross Street has changed

The guideline value for Andal Nagar 5th Cross Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 2,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking an increase of 82%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose significantly to Rs 4,000 per sq.ft in 2023, an increase of 49% from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for Andal Nagar 5th Cross Street.

Stamp duty and registration fee for property in Andal Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Nagar 5th Cross Street?

The Sub Registrar Office that covers Andal Nagar 5th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Velachery

The guideline value plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives a fair amount of revenue based on the assessed value of the property.

When selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers often refer to the guideline value to negotiate the sale price, ensuring that it is in line with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Andal Nagar 5th Cross Street?

The current guideline value of Andal Nagar 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing a 100% increase overall.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 3,96,000 based on the current guideline value.

Which Sub Registrar Office is responsible for Andal Nagar 5th Cross Street?

The Velacheri Sub Registrar Office is responsible for Andal Nagar 5th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Andal Nagar 5th Cross Street?

The land classification for Andal Nagar 5th Cross Street is Residential Class II Type - II.